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    Santa Cruz Mixed-Use Leasing Opportunity Title is generated by Realmo AI

    303 Potrero St, Santa Cruz, CA 95060

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    Dynamic mixed-use campus with industrial, office, retail, and live/work spaces.

    Type:Retail, Office, Industrial
    Property size:
    1,411 SF
    Added:
    Jan 13, 2020
    Days on Market:
    2310
    Last Refresh:
    Mar 25 at 7:57 am

    Property Features for 303 Potrero St

    General Information

    Standard status
    Active
    Size
    1,411 SF
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 303 Potrero St Contact us

    1st Floor Ste 02A & 8 $18 /Mo

    Size
    2,783 SF
    Type
    Retail, Office, Industrial
    Space Available: 2,783 SFnRental Rate: $18.00 /SF/YRnDate Available: April 01, 2026nService...
    show more
    Contact us

    Suite 42-301 $21 /Mo

    Size
    672 SF
    Type
    Office
    Space Available: 672 SFnRental Rate: $21.00 /SF/YRnDate Available: April 01, 2026nService...
    show more
    Contact us

    Suite 29-202 $18 /Mo

    Size
    784 SF
    Type
    Office
    Space Available: 784 SFnRental Rate: $18.00 /SF/YRnDate Available: NownService Type:...
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    Contact us

    Suite 42-305 $19 /Mo

    Size
    1,411 SF
    Type
    Office
    Space Available: 1,411 SFnRental Rate: $19.20 /SF/YRnDate Available: NownService...
    show more
    Contact us

    Suite 02B $18 /Mo

    Size
    957 SF
    Type
    Retail, Office
    Space Available: 957 SFnRental Rate: $18.00 /SF/YRnDate Available: NownService Type:...
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    Contact us

    1st Floor Ste 03 $21 /Mo

    Size
    1,797 SF
    Type
    Retail, Office, Industrial
    Space Available: 1,797 SFnRental Rate: $21.36 /SF/YRnDate Available: NownService...
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    Contact us

    Suite 43-102 $26 /Mo

    Size
    426 SF
    Type
    Retail, Office
    Space Available: 426 SFnRental Rate: $26.40 /SF/YRnDate Available NownService Type:...
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    1st Floor Ste 59 $32 /Mo

    Size
    864 SF
    Type
    Retail, Office, Industrial
    Space Available: 864 SFnRental Rate: $32.04 /SF/YRnDate Available: NownService Type:...
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    Contact us

    Suite 42-201 $21 /Mo

    Size
    672 SF
    Type
    Office
    Space Available: 672 SFnRental Rate: $21.00 /SF/YRnDate Available: NownService Type:...
    show more
    Contact us

    Suite 43-204 $20 /Mo

    Size
    599 SF
    Type
    Office
    Space Available: 599 SFnRental Rate: $20.40 /SF/YRnDate Available: NownService Type:...
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    Contact us
    Show more

    We can help!

    Listing Contact
    Nick Torres
    Nick Torres

    Listing agent Nick Torres License #CA 01719985

    Listing office SBA Commercial

    Listing date Jan 13, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SBA Commercial

    HighLights

    • Flexible mixed‑use campus offering industrial, office, retail, recreation, food‑service, brewery/winery, and live/work spaces.
    • Immediate occupancy available for nine suites ranging from 426 to 1,411 SF.
    • High daytime foot and vehicle traffic with strong walkability.
    • 280 free parking spaces and 24‑hour access.
    • Thriving tenant mix and vibrant on‑site community.
    • Located in the heart of central Santa Cruz.

    Overview

    Located in central Santa Cruz, the Old Sash Mill at 303 Potrero St presents a mixed-use leasing opportunity. This historic property offers approximately 31,264 SF of flexible space, accommodating industrial, office, retail, recreation, food-service, brewery/winery, and live/work uses. Constructed in 1983, the property includes nine available suites ranging from approximately 426 to 1,411 SF, all available for immediate occupancy under flexible triple-net terms. The location benefits from high daytime foot and vehicle traffic, and strong walkability. The property provides 280 free parking spaces and 24-hour access. The tenant mix includes nearly 140 tenants across several industries. The campus offers spaces for retail, office, industrial, recreation, food service, brewery/winery, and live/work.
    Location Intelligence

    Current Use by Public Records

    Howland Built Construction Construction Company Iz Cinema Film Production Attic insulation removal ... Hardware & Home Improvement Green Builder Products Big Box & Wholesale Store SRC Build INC. Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -122.031283
    Latitude
    36.9812063

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    FAQs

    What type of property is this?
    Mixed-use property - Dynamic mixed-use campus with industrial, office, retail, and live/work spaces.
    Where is this mixed-use property located?
    The property is located at 303 Potrero St Santa Cruz, CA.
    What are key features of this property?
    This property features: Flexible mixed‑use campus offering industrial, office, retail, recreation, food‑service, brewery/winery, and live/work spaces.; Immediate occupancy available for nine suites ranging from 426 to 1,411 SF.; High daytime foot and vehicle traffic with strong walkability.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Torres
    Nick Torres
    Real Estate License ID: CA 01719985
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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